Ampvolts Ltd Reports Q2 Profit of Rs 1.15 Crore

Revenue from operations reaches Rs 17.74 crore compared to Rs 1.45 crore last year.

Reader Takeaway: Strong revenue growth in EV infrastructure drives profitability, but negative operating cash flow requires careful future monitoring.

What just happened

Ampvolts Ltd, formerly known as Quest Softech (India) Limited, has declared its financial results for the quarter ended September 30, 2026. The company successfully shifted from a loss-making trajectory in the previous year to a profit-making entity, reporting a net profit of Rs 1.15 crore for the second quarter. Half-year performance also turned positive, with a net profit of Rs 2.25 crore against a loss of Rs 0.11 crore in the corresponding half of the previous year.

Why this matters

The results highlight the company's successful pivot into the electric vehicle ecosystem. The revenue growth is primarily driven by the sales of EV chargers and charging stations, alongside fleet operations for electric passenger cars and trucks. Total revenue for the first half of the fiscal year reached Rs 30.74 crore, a massive jump from Rs 2.47 crore in the same period last year.

Risks to watch

Despite the healthy net profit, Ampvolts reported a negative net cash flow of Rs 13.84 crore from operating activities for the half-year. This gap is largely attributed to a rise in other current and non-current assets amounting to Rs 15.97 crore. Investors must monitor how effectively the company manages its working capital to ensure this accounting profit translates into actual cash generation in subsequent quarters.

Context metrics

• Revenue from product sales (H1 FY27): Rs 12.74 crore.
• Revenue from service sales (H1 FY27): Rs 18.01 crore.
• Diluted EPS (Q2 FY27): Rs 0.45.

What to track next

Watch for subsequent quarterly filings to see if the company can bridge the gap between net profit and operating cash flow, indicating more efficient capital utilization as the business scales.